3 Oversold Layer 2 Altcoins To Buy As June’s Crypto Rally Begins 🚀
The crypto market is seeing downward trends, affecting several layer 2 cryptocurrencies. Among these, Polygon (MATIC), Immutable (IMX), and Arbitrum (ARB) appear undervalued and poised for recovery.
1. **Polygon (MATIC)**: A key Layer 2 solution for Ethereum, enhancing scalability and reducing costs via sidechains. Recently, MATIC dropped 8% in value, now priced at $0.602. With a market cap of $5.95 billion, it's within the top 20 cryptocurrencies.
2. **Immutable (IMX)**: The leading Layer 2 for NFT scaling on Ethereum, improving speed and efficiency. IMX's price fell to $1.76, a 27% drop in the past month. It ranks 39th on CoinMarketCap with a market cap of $2.6 billion.
3. **Arbitrum (ARB)**: Uses optimistic rollups to increase Ethereum’s transaction speeds while maintaining security. ARB’s price decreased by 2.21% to $0.9285 in the last 24 hours and has a market cap of $2.6 billion, ranking 38th on CoinMarketCap.
**Bottom Line**: As June approaches, Polygon, Immutable, and Arbitrum show potential for growth, making them attractive investments.
❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE
⌨️ COMMENT
🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
